More Pensions Divest from Oil

What’s the deal? 2 NYC pensions are divesting $4 billion from oil. This has mostly been a west coast trend. Now it’s in the east.

Why should we care? Investors have been calling for environmental actions. NASDAQ has new ESG requirements for listing like diversity and inclusion. This isn’t just a game for “activist investors.” Some pensions want their members to have options like ESG focused investments.

Why does this matter to me? Symptomatic of the new economy. People are paying attention to what is happening. Not just when a group on reddit invests in GameStop.

Chief Investment Officer | Two NYC Pension Funds Divesting $4 Billion from Oil Companies